Business and Society - 891 Words

BUSINESS AND SOCIETY INTRODUCTON With increasing urgency, market and social forces are rewriting the roles and responsibilities of business as well as its strategies. Though the profit motive of business is understood and accepted, people do not accept it as an excuse for ignoring the basic norms, values, and standards of being a good citizen. Modern businesses are expected to be responsible towards the community resources working toward the growth and success of both their companies and their communities. Business ethics can be examined from various new perspectives, including the perspective of the employee, the commercial enterprise, and society as a whole. Very often, situations arise in which there is conflict between one or†¦show more content†¦The meaning of â€Å"ethics† is hard to pin down, and the views many people have about ethics are shaky. Like Baumhart’s first respondent, many people tend to equate ethics with their feelings. But being ethical is clearly not a matter of following one’s feelings. A person following his or her feelings may recoil from doing what is right. In fact, feelings frequently deviate from what is ethical. Nor should one identify ethics with religion. Most religions, of course, advocate high ethical standards. Yet if ethics were confined to religion, then ethics would apply only to religious people. But ethics applies as much to the behavior of the atheist as to that of the saint. Religion can set high ethical standards and can provide intense motivation for ethical behavior. Ethics, however, cannot be confined to religion nor is it the same as religion. Being ethical is also not the same as following the law. The law often incorporates ethical standards to which most citizens subscribe. But laws, like feelings, can deviate from what is ethical. Pre-Civil War slaveryShow MoreRelated Business and Society1774 Words   |  8 Pages True False A business is any organization that is engaged in making a product or providing a service for a profit. True False Businesses and society are independent of one another. True False The stakeholder theory of the firm argues that a firms sole purpose is to create value for its shareholders. True False The instrumental argument for the stakeholder theory of the firm says that companies perform better if they consider the rights and concerns of multiple groups in society. True False TheRead Morebusiness and society Essay1716 Words   |  7 Pagesethical ramifications within the relationship between business and society? a. downsizing pension programs b. toxic waste disposal c. insider trading d. death penalties ANS: D PTS: 1 REF: 4 NAT: AACSB Ethics | Ethical Responsibilities 2. The collection of private, commercially oriented organizations, ranging in size from sole proprietorships to large corporations is referred to as a. the third sector. b. government. c. business. d. the free market economy. ANS: C PTS: 1 REF:Read MoreThe Role of Business in Society1070 Words   |  5 PagesTABLE OF CONTENTS QUESTION ONE 1 THE ROLE OF BUSINESS IN SOCIETY 1 QUESTION TWO 2 USERS OF ACCOUNTING INFORMATION 2 QUESTION THREE 3 THE INFLUENCE OF NZICA 3 QUESTION FOUR 4 QUALITATIVE CHARACTERISTICS 4 QUESTION FIVE 5 IT AND THE ACCOUNTING SYSTEM 5 QUESTION SIX 6 BUSINESS STRUCTURES 6 Questions 6 Best business structures 6 QUESTION SEVEN 7 ACCOUNTING EQUATION 7 Question One The role of Business in Society Dilemmas that Hubbard s could face concerning stakeholders by meetingRead MorePhotoshop in Business and Society1502 Words   |  6 Pages Businesses have countless applications for the computer software known as Photoshop. The software is such an integrated part of society that businesses and scholarly articles assume people have prior knowledge of what it is and what it does. Photoshop is defined by Oxford as trademarked digital image-editing software to alter photographic images. It is an industry standard for digital graphics and has many applications to various businesses and media. Lev Manovich wrote in Inside Photoshop thatRead MoreBusiness Ethics in Society1153 Words   |  5 Pagesof a society. In other words, it evaluates whether actions are right or wrong. An ethical theory is developed within an individual while he or she is growing up. Furthermore, that child will develop moral standards of how to behave, talk and communicate because of the influence of his family, his religion and his community (13). 2. According to Velasquez, utilitarianism is a view where actions and policies are evaluated on the foundation of the costs and benefits it generates for the society. ThisRead MoreBusiness, Government, and Society2307 Words   |  10 PagesThe involvement of government, business and civil society institutions in the diagnosis and solution of societal problems has been in existence for ages, but the concept has gained more supports in the international development arena in recent times The relationship between government and business is complex, with both positive and negative aspects in terms of what can be called â€Å"the public good†. This notion of â€Å"public good† changes depending on one’s ideology and this makes the appreciation ofRead MoreBusiness, Government and Society4777 Words   |  20 PagesBUSINESS GOVERNMENT AND SOCIETY Written Report Table of Contents Introduction3 Current Business Environment3 Business and Government5 The Legal System5 Effectiveness of the system5 Reforms6 Infrastructure development reform programme6 Trade and Investment liberalisation package6 Governance Reforms7 Government Information System7 Regulations 8 Tax Regulations8 Trade Regulations8 Business and Society9 Corporate Social Responsibility9 Relations10 Infrastructure11 Read MoreEssay on business society and policy1650 Words   |  7 Pagesï » ¿Business, society and government are placed in different situations depending on what the conflict may be. According to the case â€Å"Dickinson’s needle sticks†, all three different sectors were placed in a different position where society was seen to have no voice or empowerment. The society in this case were the nurses, patients and any health care workers using Dickinson’s needles. These sectors solved their conflicts through interacting with each other and finalise a resolution through many negativeRead MoreObligation Of Business Towards Society1260 Words   |  6 Pages2017 Obligation Of Business Towards Society According to â€Å"Organization for Economic Co-operation and Development†. (2001), the main goal of many businesses in the current society is to make profits. The key measurement of the success of different businesses is based on the amount of profit they make using a given amount of output. However, some of the researchers and economist feel that there is need to measure the success of the society based on the impact they have on the society. All businessesRead MoreThe Role of Accounting in Business Society631 Words   |  3 PagesThe Role of Accounting in Business and Society According to Merriam-Webster the full definition of accounting is the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results. An accountant is one who is skilled in the practice of accounting or who is in charge of public or private accounts. (http://www.merriam-webster.com, n.d.) Someone who has obtained a bachelor’s degree in accounting can pursue many different accounting career